All Articles Tagged - US500cash

Market Comment – Dollar trades mixed, awaiting Powell’s speech; Euro slides on PMIs

Posted on August 23, 2023 at 8:14 am GMT

Dollar trades mixed as Jackson Hole draws closer Fed’s Barkin sees reacceleration scenario Euro falls on PMIs, UK PMIs next Wall Street turns spotlight to Nvidia earnings Fed’s Barkin adds to the likelihood of more Fed hikes The US dollar traded mixed against the other major currencies on Tuesday as traders may be reluctant to assume large positions ahead of the Jackson Hole economic symposium and Fed Chair Powell’s speech on Friday. With the Fed turning data dependent and US [..]

Market Comment – Dollar traders turn cautious ahead of Jackson Hole; PBOC bolsters yuan

Posted on August 22, 2023 at 8:02 am GMT

Dollar pulls back on cautious trading ahead of Jackson Hole 10-year Treasury yields extend rally to levels last seen in 2007 China’s central bank sets yuan mid-point higher than expected Nvidia lifts both Nasdaq and S&P 500 ahead of its earnings Dollar slides but yields keep surging; Jackson Hole awaited The US dollar traded lower against most of the other major currencies on Monday and remained on the back foot today. With no major catalyst behind the dollar’s setback, it [..]

Technical Analysis – US 500 index bounces off 23.6% Fibonacci

Posted on August 21, 2023 at 12:54 pm GMT

The US 500 stock index (cash) has been in a steady decline since its peak at the 16-month high of 4,606 on July 27. However, the price seems to be temporarily halting its retreat after encountering strong support near 4,342, which is the 23.6% Fibonacci retracement of the 3,486-4,606 upleg. Despite the latest bounce, the short-term oscillators continue to reflect downside risks. Specifically, the MACD is extending its decline below both zero and its red signal line at its lowest levels since [..]

Performance of key market instruments when the 10-year US yield rises above 4% – Special Report

Posted on August 18, 2023 at 7:58 am GMT

August is traditionally seen as a quiet month, but once again significant developments are taking place globally. In particular, the 10-year US yield has climbed decisively above the 4% threshold as market participants are scrambling to explain this move amidst a low liquidity environment. A quick look at market history could give us some valuable insight as to what the future holds for euro-dollar and other key market instruments. Significant developments everywhere The market has once again proven that it [..]

What’s behind the latest pullback in equity markets? – Stock Markets

Posted on August 17, 2023 at 2:31 pm GMT

The S&P 500 and Nasdaq 100 equity indices are on track to post their third consecutive red candlestick on the weekly chart for the first time since February 2023 and December 2022, respectively. After a relentless year-to-date rally, fund managers seem to be starting to lock some profits or rebalance their portfolios amid the ongoing risk of overtightening as the US economy continues to exhibit remarkable resilience. However, there is a plethora of additional risks that investors should have in [..]

Market Comment – Dollar shines as yields shoot up, gold and yen suffer

Posted on August 17, 2023 at 8:38 am GMT

Yields approach new cycle highs, boosting US dollar Gold and stock markets absorb collateral damage Yen meltdown continues; how likely is intervention? Bond rout spills over The havoc in bond markets has started to spread into other asset classes. Yields on 10-year US Treasuries continue their relentless rally and are currently just a shade away from reaching new highs for this cycle. In turn, this has kneecapped riskier trades, which mechanically become less attractive as the risk-free interest rate rises. [..]

Market Comment – China worries and rising yields dampen the mood

Posted on August 16, 2023 at 9:09 am GMT

Markets in volatile mood as China, yields, and liquidity worries combine Dollar bounces back after stellar US retail sales, gold drifts lower British pound gains after hot inflation report, FOMC minutes eyed Stocks slide as China concerns strike back A tense atmosphere has engulfed global markets as a combination of concerns around the Chinese economy, soaring bond yields, and poor liquidity conditions have joined forces to dampen the mood. Incoming data continues to paint a picture of a Chinese economy [..]

Week Ahead – Fed minutes, US retail sales and UK CPIs the highlights of a packed week

Posted on August 11, 2023 at 9:30 am GMT

The dollar pulled back after the miss in the US inflation data, but traders may have another opportunity to adjust their dollar positions as next week’s agenda includes the minutes from the latest Fed meeting and the retail sales for July. The pound will also enter the limelight as the UK CPIs could confirm whether investors were correct to slash their hike bets following the latest BoE gathering. Other releases include the RBNZ decision, where no action is expected, and [..]

Market Comment – US inflation comes in cold but dollar still shines

Posted on August 11, 2023 at 8:22 am GMT

US CPI comes in colder than expected, and yet yields rise Dollar recovers, yen slides but no intervention threats this time Stocks and gold reverse lower, feeling the bond market heat CPI miss does not intimidate US dollar It was a wild trading session for global markets on Thursday, in the aftermath of the US inflation data. The CPI report itself was slightly cooler than expected, with both the headline and core rates coming in slightly below forecasts in yearly [..]

Technical Analysis – US 500 cash index tries to find its footing

Posted on August 9, 2023 at 2:33 pm GMT

The US 500 cash index is in the red again today as it is trying to find its footing now that the earnings reporting season is coming to an end. It feels like the bulls are taking a well-deserved breather after recording a massive 32% rally from mid-October 2023 and a 21% advance since the March 13, 2023 low. However, they appear to be on high alert to stop the current correction from snowballing and potentially ruining the recent bullish [..]

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